Austin's population has experienced robust growth, reaching approximately 2.55 million in the fourth quarter of 2026, marking a year-over-year increase of about 3.1%. This growth trajectory follows a consistent upward trend from 2.35 million in 2021 to 2.47 million in 2023. The city has also seen a net migration of about 22,850 residents, contributing to a renter share of 43.1%. The median household income stands at $99,897, with an unemployment rate of 3.9% and an average weekly wage of $1,789. These factors collectively indicate a strong demand for housing in the area.
In the multifamily sector, year-over-year rent growth has declined by 3%, with the median gross rent remaining stable at $1,784. The HUD Fair Market Rents for a two-bedroom unit is approximately $1,771, which serves as a benchmark that typically runs below market rates. This suggests a challenging affordability landscape for renters, as the asking rents for two-bedroom units are notably higher at $1,990. The current rent dynamics reflect a market that is experiencing downward pressure on growth, potentially impacting tenant retention and new leasing activity.
Capital market activity over the trailing 24 months has seen 46 transactions with a total volume of approximately $249.3 million, resulting in a median price per unit of about $169,603. The multifamily cap rate is currently at 5%, which is roughly 204 basis points tighter than the national median of 7.04%. This indicates a relatively stable investment environment despite the recent rent growth challenges. According to CBRE Research, the overall economic fundamentals in Austin continue to support long-term growth, although the multifamily sector may face headwinds in rent appreciation moving forward.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
The five California markets Savills tracks leased 15.9 million square feet of office space in the third quarter, up 51 percent from a year earlier, while Dallas-Fort Worth, Houston and Austin combined slipped 9 percent, according to The Registry's analysis of Savills Q3 2026 data. The post West Coast Office…
AUSTIN, TEXAS — Austin-based HPI Real Estate Services & Investments has broken ground on The Kent, a seven-story, 396-unit apartment project that will be located near The Domain on the state capital’s north side. Specific information on floor plans and amenities was not disclosed. HPI is developing The Kent in…
DALLAS — Dallas-based investment firm Ridgeline Capital Partners has acquired a portfolio of four medical office buildings totaling 117,433 square feet in Texas. One building is located in the eastern Austin suburb of Bastrop, and the other three are scattered across the Houston-area cities of Montgomery, Conroe and Huntsville. The…
SAN MARCOS, TEXAS — Buc-ee’s has opened a 74,000-square-foot travel center in San Marcos, located roughly midway between Austin and San Antonio. The facility at 3245 N. I-35 features 128 fueling positions and is expected to account for the creation of more than 200 new jobs within the local economy.…
PFLUGERVILLE, TEXAS — Chicago-based Brennan Investment Group has purchased a 9,000-square-foot industrial outdoor storage (IOS) facility in the northern Austin suburb of Pflugerville. The facility was built on 4.6 acres and features 24-foot clear heights and space to accommodate a variety of outside storage uses. The seller and sales price…
Lee & Associates negotiated a lease transaction for a 40,116-square-foot truck terminal located at 3301 Wireton Road, Units 101 & 105, Blue Island, Illinois. Sean Austin, principal at Lee & Associates of Illinois, represented the tenant, Beverly Freight, Inc., a licensed freight carrier. The landlord, Wireton 3301, LLC, was represented…
Recent projects in the Austin suburbs highlight economic expansion and evolving community needs.
| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2024-12-09 | 12300 Hymeadow Dr Unit 223, Austin, TX 78750 | Multifamily | 146 | $17.8M | $121,914 |
| 2024-12-06 | 939/941 Sagewood Trl, San Marcos, TX 78666 | Multifamily | 2 | $444K | $222,110 |
| 2024-12-04 | 401 Fantail Loop, Lakeway, TX 78734 | Multifamily | 4 | $557K | $139,335 |
| 2024-12-04 | 3515 Webberville Rd, Austin, TX 78702 | Multifamily | 34 | $5.0M | $147,059 |
| 2024-12-03 | 1647 Post Rd, San Marcos, TX 78666 | Multifamily | — | $154.3M | — |
| 2024-12-02 | 2911 W Slaughter Ln, Austin, TX 78748 | Multifamily | 4 | $246K | $61,513 |
| 2024-12-02 | 300 W William Cannon Dr, Austin, TX 78745 | Multifamily | 2 | $518K | $259,084 |
| 2024-11-27 | 1404 Kirkwood Rd, Austin, TX 78722 | Multifamily | 2 | $718K | $359,100 |
| 2024-11-27 | 3415 Lynridge Dr, Austin, TX 78723 | Multifamily | 2 | $133K | $66,500 |
| 2024-11-26 | 2006 Margalene Way, Austin, TX 78728 | Multifamily | 4 | $439K | $109,725 |
| 2024-11-26 | 324 Cross Barn Blvd, Buda, TX 78610 | Multifamily | 4 | $610K | $152,475 |
| 2024-11-26 | 695 Staglin St, Buda, TX 78610 | Multifamily | 4 | $603K | $150,872 |
| 2024-11-25 | 2405 Teri Rd, Austin, TX 78744 | Multifamily | 2 | $373K | $186,732 |
| 2024-11-22 | 4510 Terry O Ln, Austin, TX 78745 | Multifamily | 1 | $458K | $457,970 |
| 2024-11-21 | 3507 Leafield Dr, Austin, TX 78749 | Multifamily | 2 | $474K | $237,069 |
| 2024-11-21 | 299 Cross Barn Blvd, Buda, TX 78610 | Multifamily | 4 | $577K | $144,189 |
| 2024-11-20 | 1807 Mearns Meadow Blvd, Austin, TX 78758 | Multifamily | 2 | $414K | $207,148 |
| 2024-11-19 | 2708 Windswept Cv Unit 102, Austin, TX 78745 | Multifamily | 8 | $118K | $14,750 |
| 2024-11-14 | 101 E 52nd St, Austin, TX 78751 | Multifamily | 2 | $533K | $266,250 |
| 2024-11-14 | 3002 Whisper Oaks Ln, Georgetown, TX 78628 | Multifamily | 1 | $456K | $456,184 |
| 2024-11-07 | 5303 Woodland Oaks Ct, Austin, TX 78744 | Multifamily | 2 | $420K | $210,000 |
| 2024-11-06 | 439 Sailmaster St, Lakeway, TX 78734 | Multifamily | 4 | $574K | $143,391 |
| 2024-11-04 | 2009 Leeann Dr, Austin, TX 78758 | Multifamily | 2 | $477K | $238,309 |
| 2024-11-01 | 8205 Sam Rayburn Dr, Austin, TX 78753 | Multifamily | 8 | $724K | $90,440 |
| 2024-11-01 | 101 E 33rd St, Austin, TX 78705 | Multifamily | 2 | $2.7M | $1,330,000 |
| 2024-10-31 | 2646 Gwendolyn Ln, Austin, TX 78748 | Multifamily | 4 | $575K | $143,640 |
| 2024-10-31 | 915 E 41st St, Austin, TX 78751 | Multifamily | 31 | $16.1M | $519,129 |
| 2024-10-30 | 720 Claremont Unit B PKWY, Marble Falls, TX 78654 | Multifamily | 1 | $477K | $477,470 |
| 2024-10-30 | 3703 Harmon Ave #20416, Austin, TX 78705 | Multifamily | 16 | $2.0M | $126,558 |
| 2024-10-29 | 4210 Red River St Ofc 104, Austin, TX 78751 | Multifamily | 144 | $16.1M | $111,757 |
| 2024-10-29 | 923 E 41st St, Austin, TX 78751 | Multifamily | — | $16.1M | — |
| 2024-10-25 | 8006 Clydesdale Dr, Austin, TX 78745 | Multifamily | 2 | $452K | $226,100 |
| 2024-10-25 | 2001 Margalene Way, Austin, TX 78728 | Multifamily | 4 | $512K | $128,029 |
| 2024-10-25 | 686 Staglin St, Buda, TX 78610 | Multifamily | 4 | $605K | $151,171 |
| 2024-10-23 | 8711 Westover Club Dr, Austin, TX 78759 | Multifamily | 2 | $859K | $429,590 |
| 2024-10-23 | 1503 Warrior Ln, Del Valle, TX 78617 | Multifamily | 4 | $325K | $81,163 |
| 2024-10-18 | 3704 Lafayette Ave, Austin, TX 78722 | Multifamily | 2 | $694K | $347,097 |
| 2024-10-18 | 905 E 51st St, Austin, TX 78751 | Multifamily | 8 | $1.0M | $126,350 |
| 2024-10-16 | 1309 Barbara Dr, San Marcos, TX 78666 | Multifamily | 1 | $311K | $311,220 |
| 2024-10-16 | 12305 Alderbrook Dr, Austin, TX 78758 | Multifamily | 2 | $431K | $215,460 |
| 2024-10-11 | 715 Porter St, Taylor, TX 76574 | Multifamily | 7 | $476K | $68,056 |
| 2024-10-11 | 8802 Cainwood Ln, Austin, TX 78729 | Multifamily | 1 | $149K | $148,837 |
| 2024-10-10 | 3604 Summit Bnd, Austin, TX 78759 | Multifamily | 2 | $765K | $382,375 |
| 2024-10-07 | 1402 Valleyridge Cir, Austin, TX 78704 | Multifamily | 2 | $638K | $319,200 |
| 2024-10-04 | 517/519 Gregory Ct, Round Rock, TX 78664 | Multifamily | 2 | $545K | $272,318 |
| 2024-10-02 | 2626 Alcott Ln, Austin, TX 78748 | Multifamily | 4 | $552K | $138,054 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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